(NewsDirect)
TNR Gold Corp executive chairman KirillKlip speaks to Thomas Warner from Proactive London about recentdevelopments of interest to the green energy metals royalty and goldcompany.
Klip reminds viewers thatthe company holds a Net Smelter Returns (NSR) royalty over the entireLos Azules Copper Project, where notable developments have takenplace. McEwen Copper, with significant investments from Rio Tinto andStellantis, has invested a substantial amount, with Rio Tintocontributing close to $65 million.
Rob McEwen is leading a major drilling campaign, increasing theinitial plan from 45,000 meters to 48,000 meters.
Klip says the recent drilling campaign isof particular importance as it follows positive results released byMcEwen Copper this summer. The total copper resource has increased by27%, with 10.9 billion pounds of copper in the indicated category and26.7 billion pounds in the inferred category.
Klip highlights the significance of theupcoming feasibility study, expected to be released in the firstquarter of 2025. The FS is crucial for project development, showcasingrobust economics with a projected 27-year life of mine and an averagecopper production of 175,000 tons annually.
The potential royalty cash flow from theproject for TNR Gold is estimated to reach up to $6 million per yearpre-tax.
Addressing the recent, rejected, offer for TNR Goldfrom Lithium Royalty Corp, Klip hints at the increasing interest incopper royalties, citing recent deals in the royalty space asevidence.
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